Genpact (NYSE:G) Hits New 1-Year High at $45.03

Genpact Limited (NYSE:G)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $45.03 and last traded at $44.87, with a volume of 11039 shares. The stock had previously closed at $44.52.

Several research firms recently commented on G. Citigroup raised their target price on Genpact from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Needham & Company LLC reiterated a “buy” rating and set a $48.00 price objective on shares of Genpact in a research report on Friday, November 8th. Wells Fargo & Co lifted their price objective on Genpact from $46.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Finally, ValuEngine cut Genpact from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $44.50.

The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $8.42 billion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 2.07 and a beta of 0.80. The firm has a 50-day moving average of $42.33 and a two-hundred day moving average of $40.26.

Genpact (NYSE:G) last announced its earnings results on Thursday, November 7th. The business services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.04. The company had revenue of $888.80 million during the quarter, compared to the consensus estimate of $884.91 million. Genpact had a return on equity of 21.42% and a net margin of 8.84%. The company’s revenue was up 18.8% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. Equities research analysts expect that Genpact Limited will post 1.7 earnings per share for the current fiscal year.

In other Genpact news, Director David Humphrey sold 12,916,004 shares of Genpact stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $39.87, for a total transaction of $514,961,079.48. Following the transaction, the director now directly owns 34,907 shares in the company, valued at approximately $1,391,742.09. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.86% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. OLD National Bancorp IN lifted its position in shares of Genpact by 0.7% during the fourth quarter. OLD National Bancorp IN now owns 37,034 shares of the business services provider’s stock worth $1,562,000 after purchasing an additional 259 shares in the last quarter. First Bank & Trust increased its stake in Genpact by 1.7% in the third quarter. First Bank & Trust now owns 18,954 shares of the business services provider’s stock valued at $734,000 after purchasing an additional 323 shares in the last quarter. JLB & Associates Inc. increased its stake in Genpact by 7.2% in the third quarter. JLB & Associates Inc. now owns 7,592 shares of the business services provider’s stock valued at $294,000 after purchasing an additional 508 shares in the last quarter. Squar Milner Financial Services LLC increased its stake in Genpact by 370.1% in the third quarter. Squar Milner Financial Services LLC now owns 677 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 533 shares in the last quarter. Finally, MAI Capital Management increased its stake in Genpact by 2.3% in the third quarter. MAI Capital Management now owns 25,606 shares of the business services provider’s stock valued at $992,000 after purchasing an additional 567 shares in the last quarter. 94.29% of the stock is owned by hedge funds and other institutional investors.

About Genpact (NYSE:G)

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

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